Insurable interest refers to a person who has a financial interest in the life of the insured.
Those who have insurable interest:
Aunt
Brother
Brother-in-law
Cousin
Daughter
Daughter-in-law
Ex-husband
Ex-wife
Father
Father-in-law
Godfather
Godmother
Granddaughter
Grandfather
Grandmother
Grandson
Half-brother
Half-sister
Husband
Mother
Mother-in-law
Nephew
Niece
Other (includes Common Law Spouse, Executor, Guardian, Nursing Home Administrator, Other Pecuniary Interest, Public Trustee, Social Worker)
Sister
Sister-in-law
Son
Son-in-law
Stepbrother
Stepdaughter
Stepfather
Stepmother
Stepsister
Stepson
Uncle
Wife
